【招银国际】 Expecting bottoming out.pdf

China Auto Sector – Jun leading indicators： NIO weaker than expected

Expecting steady cloud revenue growth

1H23 Preview: expect weakness in-line; Back-end loaded in 2H23E

China Property Sector: Property+ Weekly: Can we expect post-CNY recovery?

Net profit +3.5x YoY in 2022 but below expectations; Attractive yield of 20%

Is High Debt Constraining Monetary Policy? Evidence from Inflation Expectations

1H24E preview: Expect solid growth on iPad/iPhone cycle, Android recovery and NEV orders

FY22 net margins better than expected

Sales exceeding expectations and achieving non-GAAP profitability

Expect solid 2023E earnings; Higher free float to boost valuation